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    Two-Bay Self Service Car Wash Title is generated by Realmo AI

    Hwy 119, Calvin, KY 40813

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    Claim this Listing
    New
    For Sale
    $289,000

    COMMERCIAL - Calvin, KY

    Type:Retail
    Property size:
    1,600 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $180/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for Hwy 119

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    117-30-00-045.00
    Size
    1,600 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Virginia Wilder

    Listing agent Virginia Wilder License #276787

    Listing office Century 21 Virginia Wilder Real Estate 200 Wilders Peak Dr, Rose Hill, KY

    Listing date Jun 4, 2026

    MLS# 26012932

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 2020: two‑bay car wash, vacuum station, and coin vending machine facility
    • 3‑phase electric power
    • Includes storage facility with twenty 8‑by‑20 rental units
    • Located on US Highway 119 between Pineville and Harlan, Kentucky
    • Near Boone Ridge, a national tourism destination projected to open in 2027

    Overview

    This property is a self service, two-bay car wash facility that also includes a vacuum station and coin vending machine. Three-phase electric power is in place to support operations. In addition to the car wash improvements, the site features a storage component with 28-by-20 rental units, providing an extra revenue stream alongside the wash operation.

    The property is located on US Highway 119 in Calvin, Kentucky, situated between Pineville and Harlan. The listing notes proximity to Boone Ridge, a national tourism destination projected to open in 2027.

    For operators, this setup provides a straightforward on-site car wash use combined with storage rentals. For buyers evaluating a mixed-use commercial asset, the combination of an active self service wash setup, vacuum/coin equipment, and dedicated storage units can support a multi-revenue business model on one parcel. Please contact the listing team to schedule a viewing and review the facility configuration and included improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self service car ...

    Map

    City
    Calvin
    County
    Bell
    State
    Kentucky
    Longitude
    -83.606344
    Latitude
    36.753837

    Nearby Similar for Sale

    • $490,000
      1,200 SF

      Turnkey Convenience Store and Gas Station

      Turnkey convenience store and gas station built in 2018, with deli setup, parking, and fuel storage onsite.
      8249 US-119, Calvin, KY 40813
      View Details
    • $789,900

      Turn-Key Gas Station Business Opportunity

      Gas station, car wash, and storage units on busy highway.
      8249 Us Highway 119, Calvin, KY, 40813-8945
      View Details

    FAQs

    What type of property is this?
    Car wash - Two-bay car wash with vacuum and coin vending, plus storage rental units and three-phase electric power for income potential.
    Where is this car wash located?
    The property is located at Hwy 119 Calvin, KY.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Built in 2020: two‑bay car wash, vacuum station, and coin vending machine facility; 3‑phase electric power; Includes storage facility with twenty 8‑by‑20 rental units
    (423) 956-2932
    We can help!
    Listing Contact
    Virginia Wilder
    Real Estate License ID: 276787
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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